This has turned out to be a very exciting report this month. I was curious to see what the œreal numbers were because running them month to month doesn™t give you the big picture of the market. Although I love roller coasters, I don™t care for those rides in business. ïŠ

My source for these numbers is a program called Market Trends, and it is an exclusive program courtesy of Bankers Funding & First Team Real Estate. The program pools this information from the various MLS™s in these areas and the information is as fresh as it gets as the information is updated nightly, unlike other popular programs.

County by County Comparison

What™s going on with other counties and how are they holding up compared to each other? These numbers are based on every property reported to the MLS as SOLD and their price per square foot averaged over the entire year. (2006-2007) The number in the right hand column is the “absorbtion rate”. (How many months it would take to deplete the inventory supply if no new homes came on the market.)

Desert Area™s down 6% $319 – $300 18.2

San Diego County down 5% $521 – $492 9.9

San Bernadino County down 12% $269 – $237 16.7

Riverside County down 6% $314 – $296 17.6

Los Angeles County down 2.5% $435 – $424 12.7

Orange County increased 1.5% $532 – $540 8.7

***Every County has its own plethora of markets within its boundaries. Just like every area in Southern California has its own micro-climates, real estate is extremely local! So, since Orange County is my zone in this wonderful Golden State, I have broken these same numbers down by cities within Orange County. ***

Aliso Viejo down 7.8% $396 – $365 4.9

Anaheim down 17% $378 – $313 12.8

Anaheim Hills down 7% $372 – $345 5.9

Brea down 8% $373 – $343 8.0

Buena Park down 6% $377 – $354 10.0

Corona del Mar down 0.7% $958 – $951 9.5

Costa Mesa down 8% $473 – $437 9.2

Coto de Caza down 6% $397 – $373 9.5

Cypress down 6% $376 – $353 5.4

*Dana Point increased 2% $571 – $583 10.4

Fountain Valley down 6% $381 – $357 5.4

Garden Grove down 8% $383 – $353 10.2

Huntington Beach down 4% $495 – $472 6.6

Irvine down 3% $454 – $439 6.5

*Laguna Beach increased 2% $987 – $1010 12.5

Laguna Hills down 7% $400 – $372 8.9

Laguna Niguel down 6% $437 – $409 7.6

Laguna Woods down 7% $285 – $265 6.2

La Habra down 7% $372 – $344 11.1

Lake Forest down 10% $394 – $355 8.1

La Palma down 6% $370 – $347 7.7

Los Alamitos down 7% $409 – $381 5.7

Mission Viejo down 8% $383 – $352 4.1

*Newport Beach increased 2.6% $725 – $744 11.1

*Newport Coast increased 7% $707 – $760 10.3

Orange down 9% $398 – $361 8.9

Placentia down 8% $362 – $334 8.5

Rancho Santa Margarita down 7% $380 – $354 6.1

Rossmoor down 8% $480 – $443 5.9

San Clemente down 2.6% $489 – $476 9.8

San Juan Capistrano down 6% $412 – $386 10.7

Santa Ana down 8% $408 – $373 15.5

Seal Beach down 10% $508 – $456 7.9

Stanton down 10% $390 – $349 9.8

Tustin down 8% $412 – $379 8.4

*Villa Park increased 0.5% $394 – $396 12.6

Westminster down 6% $391 – $366 9.1

Yorba Linda down 7% $382 – $356 7.6

***Yes folks, that™s five cities posting overall gains in price per square foot¦ Are we nearing the bottom? Or is this an anomaly, five times over?

If you would like to get your Orange County home SOLD in 30 days or less, call me at (949) 500-0482.

Buyers, tired of weeding through the choas? Call me to find the hottest buys in the area you are interested in. We have them identified already!

Orange County Real Estate When will the market hit bottom? Market Data, Market Report 2006-2007 County by County Comparison City by City Comparison